Bhubaneswar, Nov. 24 -- Cuttack: Police Commissioner Sudhanshu Sarangi on Tuesday said that the sensational day-light dacoity at private finance company, IIFL in Naya Sarak area of Cuttack, was an insider's job.

Sarangi who spoke to reporters following the arrest of four of the accused involved in the dacoity, said that the mastermind of the crime was Lala Amrit Ray, an employee at the company.

"Lala had planned the loot with the help of one of his college friends, identified as Ranjan Behera alias Bapu," Sarangi said.

He said the police have recovered around 2 kilograms of gold ornaments following the arrest of Lala and his three associates, including his college friend Bapu.

On November 19, four miscreants who came on a couple of mo...